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Agreed those are decent numbers. But yards per yard or even the raw mineral itself in the ground not be mined is not a liquid asset. It does retain a specific value but at a steep discount to let's say a property that was actively producing product, or this case said mineral
Razor
Billions? Where did you pull that number from? This is an interesting story and the low float has my attention but be realistic .
Razor
Gunna be an epic run
Razor
Hey gang
Razor
We shall soon see... You are of course speaking of the 3.66 million filed and signed by Garry Mchenry in the last Quarterly aren't you. Most pinks can only dream of filing those kind of number.
Razor
I do understand that if these were bargain basement prices, someone would be hammering the ask.
Razor
$43000 for 800 ton. Do you understand the cost associated with mining dolomite at a commercial grade? All I'm saying what the company filed in their quarterly is consistent with what you will see in the future.year over year is in the red and a with a negative margin. They are going to struggle to meet the debt obligations.
Razor
Again sir you are completely missing the point here. The oil industry is dead,Fracking is putting 4 billion + barrels of surplus oil on the market daily. Obama killed the coal industry. You can't mine enough dolomite to make money at it. So if you put your assets up as collateral but can't produce revenue to cover it... Really I think I'm the one who gets the point
Razor
You are spot on sir.
Razor
Dolomite... Are you serious. you know you can buy 200 TONS for $30. That's not gunna keep the lights on.
Razor
Your point is completely understood. Although at this point a mute one. At this point I think it's safe to question the company's ability to support the shareholders value. You can scream catalyst on the way from highest mountain top but knowing this industry as well as I do, the lack of revenue is my first red flag
Razor
Once again we disagree.... You can hold all the assets in the world if you aren't producing revenue your stuck in the mud. Your honestly telling me this company has 10 million in assets and is producing less than $500 a day in Revenue? Doesn't something out of line
Razor
Ok we agree to disagree... Guys do you understand the mining industry? These guys made a little over $15,000 a month over the last quarter. I cleaned coal with a small preparation plant, a two man operation and was grossing $25,000 a month. If you guys want to buy in to this story more power to you. But honestly DD is more about looking past what a company wants you to see or in this case believe.
Razor
Noted 6-23 .0035
Without question I see this going lower
No revenue
Growing concern over debt
Support broken 6-23
Razor
Well ole friend I guess we have a difference of opinion here. Very interested to see what happens with PPS over the next few weeks
Razor
I understand the float, but regardless you have to be able to produce a revenue stream and have the ability to pay down debt to become a viable company. At this point they don't seem able to do either. Couple that with breaking support today I don't see a huge run happening anytime soon.
Razor
Just starting to do some DD here. Definitely not seeing an entry point here with the lack of revenue, a growing concern over company debt, and correct me if I'm wrong but it appears to have broke support today.
Razor
The Company’s continuation as a going concern is dependent upon its ability to generate sufficient cash flow from sales to meet its obligations on a timely basis, to obtain additional financing as may be required, and ultimately to attain profitability. Potential sources of cash include new contracts, external debt, the sale of shares of Company’s stock or alternative methods such as mergers or sale transactions. No assurances can be given, however, that the Company will be able to obtain any of these potential sources of cash. Furthermore, the Company may be unable to raise additional capital on commercially acceptable terms, if at all, and if the Company raises capital through additional equity financings, existing shareholders may have their ownership interests diluted.
An excerpt from their latest filings.
Are we looking at two different companies financials here. Revenues for the Quarter of $46,963. Where do you guys actually think this stock is going? They made more money for the same quarter last year.
Razor
I just want to get this straight. Your of the opinion that the these revenues that have been reported by DUTV do no t exist. That Mchenry has falsely represented revenue on the Q's?
Razor
Seen a lot of penny stocks with higher SS run well past a penny... The one thing this stock has they didn't is called REVENUE.
Razor
Uhmmm I doubt that very seriously....
Razor
You know how many times I've heard that in the last month? @.0018, .0016, .0012, .001,.0009. Come on guys get real. The brutal truth is unless the company comes out and does something soon you haven't seen the bottom yet. The revenues aren't there to support such a large SS. With 10 million+ incurred losses since inception. It's going to take pulling a rabbit out of the hat to make an impact.
Razor
.haven't been posting just watching.... Guys you can say what you want but this is absolutely what I spoke of weeks ago. When everyone was touting a new CEO.if you call a spade a spade he has done absolutely nothing to enhance shareholder value. If you guys honestly think this stock is going anywhere soon . Good luck to you . I'll check back in to see how my .0022's are holding up. What waste
Razor
I'm ok with waiting... I have enough foresight to know and understand that a startup pink company reporting 3.66 million dollars of revenue for the quarter will run and run hard. Mark this one my friend
Razor
Based on what? Seriously what catalyst do you see upcoming that would catapult the PPS 3000+ percent?
Razor
Still waiting...
Razor
Still waiting...
Razor
Call him what you like... All I know is he is producing in excess of a million dollars a month in revenue, a positive margin, and all without diluting a single share. I would challenge you to show me another CEO in the pinks, In this PPS range that is even remotely close to those figures.
Razor
Guys right now this company is fueling the fire for bashers. They are dropping shares on us. I posted a few weeks ago until this new CEO proves himself we have a lot of unknowns. A serious lack of revenues, a 10 million dollar loss since inception, and no way to raise funds for all these big endeavors. JMHO but I've been spot on so far
Razor
$DUTV$ Gunna be Epic
Razor
I understand the excitement over the new divisions, but with financials showing little revenue and a net loss and combined losses of over 10 million where is the money going to come from to get all these plans off the ground? Seriously in all reality they state in the filings that it will be difficult to obtain financing.
Razor
Idk guys this is not looking good ... First it was wait on the new CEO, then it was wait on financials, then it was wait on news, all three have come to pass with no positive effect on PPS . I'm still holding .0022's but at some point reality is going to set in.
Razor
What do you mean no good reason... They drop a boatload of shares on us, then release a Q that is not even close to what was anticipated.
Razor
$164,390 for the quarter
524,954 net loss for the quarter
We aren't going anywhere with those kind of numbers.
Razor
I don't get i.... They have lost $10,730,511 through March 31. They lost another $524,954 this last quarter on 164,390 in revenue what part of that is encouraging. I've been waiting for this Q everyone saying it was a great catalyst .... Well to say the least it is an eye opener. Very disappointing
Razor
Thank you for the reply and GLTY
Razor
Are you serious... Revenue of $164,390 and a net loss of $524,954... That's not going to take it anywhere soon.
Razor
If I didn't own shares here I wouldn't waste my time... But by the same token I don't mislead people. Look at the Dist/ accumulation line on a chart and tell me that the accumulation of this stock over the past 2 weeks is the the lowest since this stocks inception. Just because I'm not a cheerleader doesn't mean I'm not pulling for this stock. If they have everything coming that you guys are saying people posting the truth on a message board won't hurt it in the least.
Razor
Have plenty of intestinal fortitude... Just not blind to what is black and white to me. When everyone is screaming that a stock is being accumulated and the chart tells me a whole different story I get suspicious. Thanks for the reply and GLTY also.
Razor